Disclosure certainty 5/5 debate potential 1/5

All multimillion-dollar ThousandEyes accounts started with $50,000 to $100,000 contracts

Mohit Lad · 1572 How This CEO Plans to be IPO Ready in 2 Years · Nov 13, 2019 · at 9:23

Mohit Lad, co-founder and CEO of ThousandEyes, explains the company's enterprise land-and-expand sales dynamics to Nathan Latka.

0:00 / 0:04exact quote · 4.4s
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“The customers that are spending multimillion dollars with us, they all started in the 50 to a hundred K range.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Mohit Lad

Insight
Direct sales should not abandon customers just to chase new dollars
“And this is something that I think entrepreneurs should realize is you want to create some division of responsibility. So the account management can own the renewals. But you never want the sales team to be only focused on new dollars and forget the customer.”
Mohit Lad Nov 13, 2019 ▶ 8:01 1572 How This CEO Plans to be IPO Ready in 2 Years
Disclosure
ThousandEyes received $1 million in NSF grants over two years
“So that grant over a period of time over the next two years totaled about a million dollars”
Mohit Lad Nov 13, 2019 ▶ 1:19 1572 How This CEO Plans to be IPO Ready in 2 Years
Assertion Not checkable as stated
ThousandEyes enterprise ACVs range from $100,000 to several million dollars
“We have a ton of customers that are anywhere from the hundred K range to a few million dollars in annual spends.”
Mohit Lad Nov 13, 2019 ▶ 4:51 1572 How This CEO Plans to be IPO Ready in 2 Years
Assertion Not checkable as stated
ThousandEyes serves eight of the top ten banks and 60 Fortune 500s
“So we have eight of the top 10 banks. We have 60 plus fortune 500. We have about a 110 global 2000.”
Mohit Lad Nov 13, 2019 ▶ 10:09 1572 How This CEO Plans to be IPO Ready in 2 Years
Disclosure
Mohit Lad aimed for ThousandEyes to be IPO-ready by 2022
“I will tell you this, that we're looking at a two, I guess two and two, two, two and a half year horizon to be IPO ready.”
Mohit Lad Nov 13, 2019 ▶ 12:39 1572 How This CEO Plans to be IPO Ready in 2 Years
Assertion Contradicted
ThousandEyes scaled toward an IPO without raising capital since December 2015
“And what I want to point out, for example, is our last raise was in December, 2015, and we haven't raised since then.”
Mohit Lad Nov 13, 2019 ▶ 15:20 1572 How This CEO Plans to be IPO Ready in 2 Years
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